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Circle Stock Surges 16% on May 12 as Arc Token Presale Raises $220M

GateNews
ARC0.39%
According to Park Sang-hyuk, editor-in-chief of Digital Asset, Circle stock surged 16% on May 12. The gain followed mixed Q1 earnings: while revenue fell short of market expectations, the company improved EBITDA and other key metrics. Arc, a Layer 1 blockchain, raised $220 million through its token presale, contributing to investor sentiment. Circle's Q1 revenue was largely driven by U.S. Treasury interest income from USDC reserves, representing approximately 94% of total revenue.
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In-Depth Analysis

Circle Q1 financial report: USDC in circulation reaches $77B, CRCL surges nearly 16%

Market Whisper05-12 02:25

Investors are ignoring the ceasefire deal, which is now “in serious danger,” as U.S. stocks keep hitting new highs and Circle surged nearly 16%

ChainNewsAbmedia05-12 00:24

Circle Q1 earnings miss expectations: USDC circulating supply hits $77B, with highlights in Arc and AI agents

ChainNewsAbmedia05-11 11:25
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